Promoter Group Acquires and Converts Warrants in Stellant Securities (India) Ltd
Stellant Securities (India) Ltd saw its promoter group increase stake through a series of acquisitions and warrant conversions, with the transactions being recorded on July 8, 2026. The acquisition activities involve Mangala Subhash Rathod and other members of the Promoter Group.The promoter group held substantial interests in Stellant Securities prior to the latest transactions. Before the current acquisition under consideration, the PAC (Persons Acting in Concert) held 2,422,710 shares carrying voting rights, which represented 41.51% of the total diluted share/voting capital. Additionally, the group had a holding of 300,000 warrants/convertible securities, accounting for 5.42%. The combined holding stood at 2,722,710 shares (49.18%) of the target company.
The transaction involved the conversion and acquisition of interests by the PAC. According to the records, the mode of acquisition involved the Conversion of 1,50,000 warrants into 1,50,000 Equity Shares having a face value of Rs.10/-each. The acquired shares included 150,000 shares carrying voting rights, representing 2.71% of the total.
The completion date for this acquisition and allotment was noted as July 8, 2026. This transaction led to a change in the company's capital structure. Prior to this event, Stellant Securities had 5,535,995 Equity shares of Rs.10 each. Following the acquisition, the total voting capital stood at 5,685,995 Equity shares of Rs.10 each.
The total diluted share/voting capital after the entire series of acquisitions and conversions stands at 5,835,995 Equity shares of Rs.10 each.
| Metric | Before Acquisition | After Initial Acquisition (Shares Acquired) | Final Diluted Capital |
|---|---|---|---|
| Shares Carrying Voting Rights Held by PAC | 2,422,710 | 2,572,710 | N/A |
| Warrants/Convertibles Held by PAC | 300,000 | 2722710 (Total holding) | N/A |
| Shareholding Percentage (PAC) | 41.51% | 46.65% | N/A |
| Total Voting Capital of TC | 5,535,995 Equity shares of Rs.10 each | 5,685,995 Equity shares of Rs.10 each | 5,835,995 Equity shares of Rs.10 each |
The promoter group members identified in the acquisition included Mangala Subhash Rathod and Subhash P. Rathod, confirming that the acquirers belong to the Promoter Group.
Stock Price Movement
Stellant Securities (India) Ltd shares settled on a Friday, sinking by 1.51% and closing at ₹594.35. Throughout the day, the shares fluctuated widely, testing lows near ₹574.10 before ultimately falling from its high of ₹605.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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